Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 547,141 shares, an increase of 69.6% from the June 30th total of 322,604 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 796,507 shares, the short-interest ratio is presently 0.7 days.
Schwab U.S. Mid-Cap ETF Trading Up 1.9%
NYSEARCA SCHM opened at $34.79 on Friday. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.76 and a 1-year high of $36.90. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03. The stock’s 50 day moving average is $35.51 and its two-hundred day moving average is $33.56.
Institutional Trading of Schwab U.S. Mid-Cap ETF
Institutional investors have recently bought and sold shares of the stock. Evergreen Advisors LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the first quarter worth $29,000. Godsey & Gibb Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $29,000. Kingdom Financial Group LLC. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $31,000. Archer Investment Corp grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 266.9% in the 1st quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after purchasing an additional 782 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter worth about $36,000.
About Schwab U.S. Mid-Cap ETF
The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.
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